MINDAIND Stock Overview
Minda Industries Limited, together with its subsidiaries, designs, develops, manufactures, and sells auto components in India and internationally.
Minda Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹917.00|
|52 Week High||₹1,257.40|
|52 Week Low||₹629.15|
|1 Month Change||2.75%|
|3 Month Change||-5.97%|
|1 Year Change||37.47%|
|3 Year Change||188.14%|
|5 Year Change||329.61%|
|Change since IPO||7,503.65%|
Recent News & Updates
Here's Why I Think Minda Industries (NSE:MINDAIND) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
|MINDAIND||IN Auto Components||IN Market|
Return vs Industry: MINDAIND exceeded the Indian Auto Components industry which returned -7.9% over the past year.
Return vs Market: MINDAIND exceeded the Indian Market which returned -0.9% over the past year.
|MINDAIND Average Weekly Movement||5.7%|
|Auto Components Industry Average Movement||6.1%|
|Market Average Movement||6.9%|
|10% most volatile stocks in IN Market||9.9%|
|10% least volatile stocks in IN Market||4.5%|
Stable Share Price: MINDAIND is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MINDAIND's weekly volatility (6%) has been stable over the past year.
About the Company
Minda Industries Limited, together with its subsidiaries, designs, develops, manufactures, and sells auto components in India and internationally. It provides auto electrical parts, including switches, horns, and lighting products. The company’s products include switching systems and handle bar solutions for two/three-wheelers and off-road vehicles; sensors, actuators, and controllers, including start-stop sensors, contact and non-contact type speed sensors, HID ballasts, tire pressure monitoring systems, electronic accelerator pedal modules, and DC-DC converters; and lights for two, three, and four-wheelers, as well as off-road vehicles.
Minda Industries Fundamentals Summary
|MINDAIND fundamental statistics|
Is MINDAIND overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MINDAIND income statement (TTM)|
|Cost of Revenue||₹52.72b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||12.45|
|Net Profit Margin||4.28%|
How did MINDAIND perform over the long term?See historical performance and comparison
0.2%Current Dividend Yield
Is MINDAIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MINDAIND?
Other financial metrics that can be useful for relative valuation.
|What is MINDAIND's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MINDAIND's PE Ratio compare to its peers?
|MINDAIND PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: MINDAIND is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the peer average (50.6x).
Price to Earnings Ratio vs Industry
How does MINDAIND's PE Ratio compare vs other companies in the Indian Auto Components Industry?
Price-To-Earnings vs Industry: MINDAIND is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the Indian Auto Components industry average (21.9x)
Price to Earnings Ratio vs Fair Ratio
What is MINDAIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||73.7x|
|Fair PE Ratio||35.2x|
Price-To-Earnings vs Fair Ratio: MINDAIND is expensive based on its Price-To-Earnings Ratio (73.7x) compared to the estimated Fair Price-To-Earnings Ratio (35.2x).
Share Price vs Fair Value
What is the Fair Price of MINDAIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MINDAIND (₹917) is trading above our estimate of fair value (₹408.87)
Significantly Below Fair Value: MINDAIND is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: MINDAIND is poor value based on its PEG Ratio (2.3x)
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How is Minda Industries forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MINDAIND's forecast earnings growth (31.9% per year) is above the savings rate (6.7%).
Earnings vs Market: MINDAIND's earnings (31.9% per year) are forecast to grow faster than the Indian market (17.4% per year).
High Growth Earnings: MINDAIND's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MINDAIND's revenue (17.2% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: MINDAIND's revenue (17.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MINDAIND's Return on Equity is forecast to be low in 3 years time (18.8%).
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How has Minda Industries performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MINDAIND has high quality earnings.
Growing Profit Margin: MINDAIND's current net profit margins (4.3%) are higher than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: MINDAIND's earnings have grown by 1.8% per year over the past 5 years.
Accelerating Growth: MINDAIND's earnings growth over the past year (72.2%) exceeds its 5-year average (1.8% per year).
Earnings vs Industry: MINDAIND earnings growth over the past year (72.2%) exceeded the Auto Components industry 33.8%.
Return on Equity
High ROE: MINDAIND's Return on Equity (11%) is considered low.
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How is Minda Industries's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MINDAIND's short term assets (₹29.6B) exceed its short term liabilities (₹23.4B).
Long Term Liabilities: MINDAIND's short term assets (₹29.6B) exceed its long term liabilities (₹7.2B).
Debt to Equity History and Analysis
Debt Level: MINDAIND's net debt to equity ratio (15.1%) is considered satisfactory.
Reducing Debt: MINDAIND's debt to equity ratio has reduced from 43.3% to 21.7% over the past 5 years.
Debt Coverage: MINDAIND's debt is well covered by operating cash flow (46.9%).
Interest Coverage: MINDAIND's interest payments on its debt are well covered by EBIT (7.9x coverage).
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What is Minda Industries's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MINDAIND's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.43%).
High Dividend: MINDAIND's dividend (0.22%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).
Stability and Growth of Payments
Stable Dividend: MINDAIND's dividend payments have been volatile in the past 10 years.
Growing Dividend: MINDAIND's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.9%), MINDAIND's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: MINDAIND is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Nirmal Minda (64 yo)
Mr. Nirmal Kumar Minda has been Non-Independent Chairman and Managing Director at Minda Industries Limited since May 25, 2015 and serves its Director since September 16, 1992. Mr. Minda serves as Managing...
CEO Compensation Analysis
Compensation vs Market: Nirmal's total compensation ($USD987.60K) is above average for companies of similar size in the Indian market ($USD643.30K).
Compensation vs Earnings: Nirmal's compensation has increased by more than 20% in the past year.
Experienced Management: MINDAIND's management team is considered experienced (3.7 years average tenure).
Experienced Board: MINDAIND's board of directors are considered experienced (3.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.1%.
Minda Industries Limited's employee growth, exchange listings and data sources
- Name: Minda Industries Limited
- Ticker: MINDAIND
- Exchange: NSEI
- Founded: 1958
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Implied Market Cap: ₹262.093b
- Shares outstanding: 285.78m
- Website: https://www.unominda.com
Number of Employees
- Minda Industries Limited
- Village Nawada Fatehpur
- PO Sikanderpur, Badda
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/25 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.